pixi
Short

17.8$ target

FX:XAGUSD   Silver/U.S. Dollar
518 3 11
Hi,
There is nice confluence of trendlines / channel /Previous structure / fibo retracement and Harmonic pattern for Silver             on 17.7 / 17.9$ area.
Expecting a spike on this level before end of week.
Comment: target reached. long 17.8
TP 1 18.45
Trade closed: target reached
Pixi,
Do you think it will be bearish all the way down until next year 2017+ ?
+1 Reply
pixi albertwt
Hi albertwt,
That's a good question and atm it's maybe too early (from my side) to say that silver will be bearish until next year. All i can say, is that Silver has completed a weekly shark and hitted 0.618 retracement (see idea below).
Now retracement is in progress. Any weekly close below 17.4 should push down the prices lower but this area 18 / 17.5 is a good place for buyers.
17.4 Target
+1 Reply
Cool, thanks for the sharing and explanation mate.
All the best for the trading ahead :-)
Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out